litecoin - Why is a short blocktime considered to be unsafe

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The average Litecoin block takes 2.5 minutes, one quarter of Bitcoin's 10 minutes. So if merchants wanted to be as safe as Bitcoin, they can wait for 4 times the number of Litecoin confirmations as compared to Bitcoin. But most merchants can readily accept 1-confirmed transactions for small amounts of

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Connect your Ledger device; Enter your PIN code; Open the Litecoin application on your device; Launch your Bitcoin Chrome application on your computer; Click on "Receive", a popup opens; Copy the "Litecoin address" which is displayed. Please note that your Ledger wallet generates a new address each time you want
2 May 2017 But just because developers can easily shift over their work, that doesn't mean a live Lightning will be up and running on litecoin soon. There's still a little over a week to go, or roughly 6,000 blocks at time of reporting, before SegWit will activate on the network. Indeed, Stark doesn't expect that a version will

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30 Oct 2017 Out of this, the amount gets halved every four years or for around every 840,000 blocks. The Litecoin network is all set for producing around 84 million litecoins which would sum up to four times the total amount of that of the Bitcoin units. The distribution of the Litecoin units is carried out by the use of wallet

14 Dec 2017 Bitcoin – A decentralised cryptocurrency: Founder: Satoshi Nakamoto; Description: Decentralised cryptocurrency used in a peer to peer network; Founded: January 2009; Market cap: 56% *; Maximum amount: 21 million Bitcoins; Transactions made via: Blockchain / mining; Transaction time: 10 minutes Litecoin's creator, Charlie Lee, essentially copied Bitcoin but change a few parameters. Lee wanted faster confirmations, so he set Litecoin's block target time to 2.5 minutes instead of Bitcoin's ten. Lee also designed the block reward so that it halves every 840,000 blocks. Originally, 50 btc mco
24 Sep 2016 Created by a former Google engineer Charlie Lee, the digital currency was developed as an improvement over Bitcoin. The advantages of LiteCoin includes faster transaction and block generation times. LiteCoin blocks are generated at 2.5-minute intervals, compared to 10 minutes on the Bitcoin protocol.
5 Jan 2018 While doing so, Lee also wanted to make sure that Litecoin would not directly compete with Bitcoin. He focused on 2 major design choices to facilitate this: Litecoin would have quicker transactions than Bitcoin. Litecoin's block time (the amount of time needed to validate a transaction) was reduced by 75%

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The Litecoin blockchain can handle higher transaction volume than bitcoin. That's because the Litecoin blockchain has more frequent block generation. The network supports more transactions without the need to modify the software in the future. As a result, merchants enjoy faster confirmation times while still having the
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4 days ago Relatively well-known in the crypto world, Litecoin is one of the largest blockchain networks behind Bitcoin. One main difference between the two is the number of maximum coins you can get. While Bitcoin's network can't exceed 21 million coins, Litecoin can go up to 84 million coins. In simpler terms btc trade ua
26 Aug 2013 Option 3 – buy more rigs and mine even more Litecoin with the hope that the price rises. Option 1, the path of least resistance. That's the choice I ultimately ended up at. My Litecoin mining adventure wasn't profitable and —if I'm honest—a waste of time. To redeem something out of the experience, I can at

Get Litecoin price, charts, and other cryptocurrency info.Any news on your problem… did you fix it? I started now with my Nano Ledger and wanted to transfer my Litecoin as a test… (first time) But Bittrex shows my withdraw as Came up with the “address not valid” warning, read a post on the legacy/segwit issue, which is the problem , choosing legacy blockchain allowed for a btc live value

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16 Jan 2018 Ethereum; Cardano; Bitcoin Cash; Ripple; IOTA; NEM; Litecoin; Monero; Zcash; Dash; Siacoin; Stratis; Golem; Factom; Lisk; Qtum; OmiseGo; NEO . as it has remained more profitable than most of the other altcoins, due largely in part to it's 2.5 minute average “block time”, 2mb block-size, and 12.5 ZEC per

1 Jun 2017 If we are to consider litecoin exchange we must first explore the difference between bitcoin and litecoin on the range of Coin Limit (21 Million and 84 Million respectively), Algorithm (SHA-256 and Scrypt respectively), Mean Block Time (10 minutes to 2.5 minutes respectively), Difficulty retarget (2016 block to 5 Jan 2018 While doing so, Lee also wanted to make sure that Litecoin would not directly compete with Bitcoin. He focused on 2 major design choices to facilitate this: Litecoin would have quicker transactions than Bitcoin. Litecoin's block time (the amount of time needed to validate a transaction) was reduced by 75% btc h81
Who Invented Litecoin? It is thought that Litecoin was released via an open-source client on GitHub on 7 October, 2011 by Charlie Lee, a former Google employee. It was a fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), an increased maximum number of coins,

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8 Oct 2011 84 million currency units will be in existence after the last block of Litecoin is mined. As of late 2013 Litecoin has reached a market cap of over $500 million USD and received extended coverage by mainstream media such as Forbes, CNBC, The New York Times and other international media outlets.
15 Jan 2018 Beating market leader bitcoin, Ethereum's network can create a new block every 15-20 seconds which is much faster compared to bitcoin's 10 minutes. Bitcoin prices recently hit a new all-time high, with one unit of the; Like all currencies, the price fluctuates according to market conditions, and different

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4 Jan 2018 However, when it was announced in early 2017 that litecoin would adopt the so-called “SegWit” upgrade for its blockchain, which addresses blockchain scaling issues, the price of litecoin shot up from its 2-year trading range of $3 to $5 to reach a new all-time high of over $366 on December 19, 2017.